Chairman of Egyptian-European Business council، prominent businessman Mohamed Abou El Enein ، said that Minister of Investment and International Cooperation، Dr. Sahar Nasr has a real desire to solve the problems facing the investors and listen to their points of view on all files، including the new investment law.
Abou El Enein added in a statement to Sada ElBalad on the sidelines of the meeting organized by the ministry of Investment and International Cooperation with a number of investors، that The current government is facing a lot of challenges and working hard to confront them، assuring that the Egyptian investment will witness، in the coming period، a major breakthrough after the recent measures taken by the government، including the decisions of the liberalization of the exchange rate.
Abou El Enein assured that the Minister of Investment has promised to solve all the problems and obstacles facing the investment، especially improving the investment climate.
On the importance of the new investment law، he revealed that the investment climate in Egypt is facing many challenges، most notably، the “bureaucracy” as it represents one of the major challenges.
Moreover Abou El Enein called for a real vision for the investment until the year of 2030، and for taking bold and effective measures such as what has been taken in the subsidy file، in addition to providing incentives and facilities to encourage domestic and foreign investment.
